Sean Smith, CEO of Eden Research PLC (LON:EDEN), tells Proactive London they're expecting to report full-year 2018 revenue of 48% and a modest operating profit after a year of “pleasing growth”.
Smith says the majority of revenue growth came from product sales which doubled in 2018 to around £1.6mln, up from £0.8mln in 2017, with the balance the revenue being made up of upfront, milestone and other payments and royalties.